The Risks, Barriers and Opportunities of BIM

May 5, 2021 | 387 views

Building Information Modeling (BIM) is revolutionizing the architecture, engineering, and construction (AEC) industry worldwide. For many public sector and major projects, BIM has become the required method of working. Yet, despite the increasing acceptance and use of BIM, there are still some barriers to its adoption.

Spotlight

Advanced Forming Technology

Advanced Forming Technology is a leader in Metal Injection Molding. As a subsidiary of ARC Group Worldwide, AFT has continued to refine the MIM process to provide precision engineered MIM components to a variety of industries. For quality metal injection components delivered accurately and on time, look to the innovation and service provided by AFT who have invested in the latest technology to provide cost-effective, efficient, and customized solutions to clients tooling and manufacturing needs.

OTHER ARTICLES
Construction

How prefab can enable the design and construction industry to bring much needed beds to hospitals, faster

Article | May 19, 2021

Managing the COVID-19 pandemic-and saving lives-depends largely on the availability of medical supplies, including the capacity of hospitals. But the United States lags behind other nations, with only 2.8 beds per thousand people compared to 4.3 in China and 12.8 in South Korea. The sheer pace of the outbreak raises the question of how we can expand our healthcare infrastructure and do so at speed. When China put up a hospital in just ten days, many people asked if the same would also be possible here in the U.S.

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Construction

The Basics of Lean Construction Methods

Article | May 18, 2021

Most construction companies want to deliver the best possible results for their clients while expending the least possible resources. Yet, the construction industry has traditionally been littered with waste and inefficiencies. Today, some of the most successful companies use lean construction philosophy to guide their operations. Companies that do regularly impress clients, maintain high morale and create high-quality structures.

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Construction

Remote work: Engineering’s perspective on humanizing the remote work experience

Article | May 7, 2021

At GitHub, working remotely has been in our DNA from the start. With over 80% of our engineers working remotely before COVID-19, the team has established some amazing best practices that foster a strong collaborative environment, inspire creativity, and a bit of levity with the ultimate goal of building trust within teams. What’s it like for GitHub engineers to work remotely?

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Market

The Semiconductor Chip Shortage

Article | September 27, 2021

640K Ought To Be Enough for Anybody That infamous statement—whether Bill Gates said it or not, goes to show the change in computing and the demands on the semiconductor industry over the last 40 years. At the beginning of the ‘70s, there was no expectation that the personal computer could become an affordable item for the man in the street. By 1979, however, Atari had released the 400 and 800 series of home computers. Three years later, the Commodore 64 made its debut, featuring 64KB of RAM and using an 8-bit CPU. In 1977 Steve Wozniak designed the Apple II, an 8-bit home computer. Launched at the 1977 West Coast Computer Faire, it was aimed at the home consumer market rather than the business market. August 12 1981: The IBM PC It could be argued that the first non-Apple PC, as we've come to know it, was the IBM 5150 personal computer. Its success spurred the production of IBM clones, or IBM PC compatible computers, with Columbia Data Products (CDP) producing the first in June 1982. A Case of History Repeating Itself? In the early ‘80s, anticipating the demand for PC’s to continue, memory chip manufacturers ramped up the production of RAM. But by September 1985, the market had stagnated, and a DRAM chip could be bought for $2.95. Demand for computers had slumped, and this low price reflected industry slowdown and extreme overproduction. Roll On To 1988 and the Price of Computer Chips Rocketed With a glut of existing RAM chips in the marketplace, manufacturers were cautious of the overproduction of 256-kilobit DRAM chips and converted their factories for 1-megabit chips. This shows that chip producers drastically misread the market. 1-megabit chips took significantly longer to manufacture, and so before too long, there was a shortage of RAM, causing prices to increase. The situation began to improve by the next year. Since then, although there have been years when supply was affected, it has been nowhere as catastrophic as now. The Current Semiconductor Chip Crisis We are facing an unprecedented shortage of semiconductor chips which is affecting worldwide markets. COVID-19 undoubtedly had a massive influence on this, but the demand for microchips was already soaring. 2019 COVID-19 Appears Although in November of 2019, a person displayed the first detectable case of COVID-19 in China, there was little else to warn of what was about to come. In the following months, as cases increased, so did hospital admissions. With the horror of widespread deaths, we saw countries bringing in protective measures and restrictions. These became increasingly severe and ranged from social distancing to working from home. This had a direct effect on the industry, seeing output slowed or temporarily ceased. 2020 Onwards In February of 2020, the indirect effects of the pandemic began to bite. Companies closed offices or limited the number of onsite staff. Employees were also encouraged to work offsite where possible. Other employers were forced to furlough employees. For some, the concept of working from the home kitchen table became a daily reality. This was seen as essential to ensure that services were maintained, albeit at a reduced capacity. For factory-based and hospitality industries, the impact was more dramatic. Company Employees Working From Home The decision by many companies to encourage staff to work from home was a direct result of COVID-19 and the resulting Government restrictions, but this, in turn, caused an indirect effect on the semiconductor shortage. In some cases, employees might have had existing company laptops issued to them for use in the workplace. In other cases, the use of their personally-owned device might have been sanctioned for company work. But in other circumstances, the company would either pay the employee to upgrade their laptop or provide a new company laptop with the necessary application and security software installed. This added to the general increased demand for computers that had computer manufacturers struggling to procure chips. Furloughed Employees Many furloughed employees suddenly finding themselves trapped at home with limited opportunities (if any) for socializing turned to or spent more time on gaming. This fuelled an interest in the latest products on the market and a keen appetite for products about to be launched. In turn, manufacturers clamored for more chips. Home Schooling Schools and colleges rose to the challenge of providing continuing education for their pupils and turned to online teaching when the school buildings were closed. Children were being home-schooled by parents and following online lessons. But it was essential that the children had the necessary resources. The basic requirements were a laptop with a webcam and a reliable internet connection. Subsequently, laptop sales increased dramatically. Who Is Taking The Hit? A simple answer is— any industry whose products depend on a high level of semiconductor chips, but in particular, the main players feeling the pain are the automotive and consumer electronics markets. The Auto Industry Automotive Companies Fall To the Back of the Semiconductor Chip Queue As COVID-19 began to take a grip, and with falling demand for vehicles, auto manufacturers either closed sites temporarily or reduced operations. Subsequently, they scaled down backorders from semiconductor suppliers. Meanwhile, the consumer electronics market was thriving and crying out to suppliers for more semiconductor chips. Later, when manufacturing was resumed, auto manufactures found themselves at the back of the queue. What Chips Are Used In Motor Vehicles? There are various types of chips used by auto manufacturers in their vehicles, ranging from commodity chips to microprocessors. According to Statista, “Infineon, NXP, and Renesas were the leading automotive semiconductor manufacturers worldwide in 2020. Infineon's market share was estimated at around 13.2 percent. The total market in 2020 was sized at around 35 billion U.S. dollars.” The Domestic Market (Consumer Electronics) Broadly speaking, this sector covers anything that falls into the entertainment, communications, and recreation categories. Although visits to high street stores to make purchases proved difficult, if not impossible during lockdown periods, online sales soared. But this boom has caused manufacturers a headache, as launches of new products have had to be delayed and fulfilment of the demand for existing models could not be met due to the chip shortage. Other Contributory Factors to the Crisis Although COVID-19 disrupted chip manufacture by causing foundry shutdowns and the halting of production, it wasn’t the only factor. An already beleaguered market was battered by other factors compounding the chip shortage crisis. Drought in Taiwan Water, a major necessity for semiconductors production, has been in short supply due to the worst drought in 56 years. Suez Canal Blockage In March 2021, the 400-metre-long (1,300ft) container ship ‘Ever Given’ ran aground in the Suez Canal and blocked the channel for six days, further impacting distribution and supply. Factory Fire Japanese chipmaker Renesas Electronics Corp. the world's third-largest supplier of automotive chips suffered a fire at its factory. Severe Weather Conditions in Texas In February Samsung, NXP, and Infineon chip fabs shut down in Texas amid record storm. Why Not Just Produce More Chips? While attempting to address the global chip shortage as expeditiously as possible, semiconductor manufacturers cannot afford to make a knee-jerk reaction. If fabrication plants are at maximum capacity or are only structured to make one type of chip, why not build more fabs? Semiconductor wafer fabs are hugely expensive to build. It takes considerable time to construct a new fab, with some as large as small cities. These fabrication plants, also known as foundries, require highly controlled environments where temperature, humidity and static electricity are controlled, and dust-free environments are guaranteed. As an immediate response, building new fabs is not a practical solution to the problem. Long term strategies will have to be put in place as the whole situation is addressed. When Will The Global Chip Shortage End? There are differing views being expressed on this tricky question. Some are optimistic, considering that the worst of the situation is over. Others provide a gloomier outlook, warning that we could be experiencing shortages well into another two years. Crisis management expert Edward Segal writing in Forbes: “The semiconductor chip crisis that hit companies around the world shows no signs of ending any time soon and will continue to impact the supply chains for many industries. Indeed, some organizations have yet to fully recover from the impact of the blockage of the Suez Canal last March on their ability to send and receive essential materials, parts and supplies.” Are There Any Lessons To Be Learned? A cynical reply might be—expect the unexpected. Of course, it is impossible to predict and plan for every possible eventuality. Changing market trends should be anticipated, whereas something as unforeseen as a global pandemic cannot. Manufacturers, however, should seriously take a look at their contingency plans. It seems that far and above the other problems of the chip crisis, the biggest headache within the semiconductor industry is the supply chains. Distribution Networks Writing in an article for ZDNet, Daphne Leprince-Ringuet: “The semiconductor supply chain is flawed, and it's going to take a long time until things get better, despite the combined efforts of industry and regulators.” Supply chains are the highways of trade upon which product delivery depends. But the semiconductor supply chain is hugely complex and is spread across several countries. Admittedly, it is essential to create more fabs over the following years. Still, it is critical to maintain a watchful eye on supply chain policies to ensure future semiconductor chip demand fulfilment. Just-In-Time (JIT) Model Considered as an effective approach by some automotive manufacturers as an efficient method of business management in times of plenty. It becomes counterproductive in times of shortage when they will face long chip manufacture lead times. Chip manufacturers are advocating a greater knowledge of their customers’ production maps, stating that even a two quarter indication is insufficient for planning. Think Outside The Box Be open to some lateral thinking. Recycling could be an interim response to chip shortage. All Of A Sudden Vintage Equipment Is A Hot Commodity Steven Zhou writing in Forbes, reports that old (obsolete) fabs could be suitable for the production of some current 'smart' devices. While the creation of extra fabs can take over two years and the building of the manufacturing equipment up to eighteen months, repurposing old equipment could be a source of additional capacity. Reliance On Asia The current crisis has brought about an awareness of the inadvisability of an ongoing reliance on Asian fabs for the supply of semiconductor chips for U.S. and European markets. The Future According to the Semiconductor Industry Association (SIA) in a publication Strengthening The Global Semiconductor Supply Chain In An Uncertain Era “Over the next ten years, the industry will need to invest about $3 trillion in R&D and capital expenditure globally across the value chain in order to meet the increasing demand for semiconductors.” Moore’s Law Is Not Dead Moore's law is the premise first expressed in 1965 by Gordon E. Moore, the co-founder of Intel, that the number of transistors on a microchip doubles every two years, though the cost of computers is halved. Or put another way—that we can expect to see larger-scale integration with more circuitry packed into chips for the same form factor. If this proves true, manufacturers will take advantage of these cheaper and more advanced chips to develop a new generation of products that consumers will be only too eager to buy.

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Spotlight

Advanced Forming Technology

Advanced Forming Technology is a leader in Metal Injection Molding. As a subsidiary of ARC Group Worldwide, AFT has continued to refine the MIM process to provide precision engineered MIM components to a variety of industries. For quality metal injection components delivered accurately and on time, look to the innovation and service provided by AFT who have invested in the latest technology to provide cost-effective, efficient, and customized solutions to clients tooling and manufacturing needs.

Related News

Engineering Tech

YOUNG & Associates Acquires IN-Line Consulting, LLC

YOUNG & ASSOCIATES | September 26, 2023

Property and claims consultants YOUNG & Associates (YA), has acquired the claims and engineering company IN-Line Consulting, LLC. Founded by Matt Watson and Mark Lively more than 16 years ago, IN-Line was formed to manage the consulting work offered by a full-service restoration company operating primarily in the Southeast United States. The move strengthens YA's footprint in that part of the country, solidifying the company's role as a national and international leader. IN-Line will operate as a subsidiary of YA and its day-to-day operations will continue to be directed by the existing IN-Line leadership team. The company's management and support teams also will remain in place. "This partnership with IN-Line is a significant step forward in growing our professional service offerings," said Wade Bushman, YA's CEO. "We appreciate IN-Line's diverse base of technical experts, exceptional customer service track record, shared cultural values, and employee-first workplace model. They are a natural addition to the YA team." IN-Line President Matt Watson explained joining forces with YA allows the company to better serve clients by broadening its resource base and expanding its capabilities nationally and internationally. The move also offers new avenues for personal and professional growth for IN-Line's employees. "Since our inception, we have focused on building a great team and culture that can best serve the wide-ranging needs of our clients," Watson said. "Now, with YA's resources and platform, we are well positioned to carry that commitment into the future." ABOUT YOUNG & ASSOCIATES YOUNG & Associates (www.youngonline.com) is a property consulting firm providing building damage assessments, forensic and investigative consulting services to the insurance industry, public and private sector clients. YA was founded in 1997 by Ray and Linda Young on the core values of knowledge, integrity, and professionalism. Through its 26 years, YA's range of property damage services has expanded, developing a broader client base, and growing the team to almost 600 staff strategically located across the U.S. and internationally. ABOUT IN-LINE CONSULTING, LLC IN-Line Consulting, LLC (www.inline.us) is a national construction consulting firm specializing in property damage restoration and reconstruction recommendations for all phases of construction. Historically, IN-Line has been engaged on large, complex losses which require the technical diversity, expertise, and experience unique to our team of professionals. IN-Line's principal services include the preparation of comprehensive and market-specific construction estimates, as well as detailed and practical scopes of reconstruction. IN-Line's other competencies include but are not limited to: cost of repair audits; on-site clerking; code reviews; construction schedule analysis; production efficiency and economy analysis; forensic engineering; and construction defect analysis.

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Construction

Deltek Announces Expanded Partnership with Procore to Elevate Construction Management

PR Newswire | September 21, 2023

Deltek, the leading global provider of software and solutions for project-based businesses, today announced an expanded partnership with Deltek ComputerEase within the Procore platform, marking a milestone with its involvement on the Procore App Marketplac Procore Technologies, Inc. is a leading global provider of construction management software and launched the Procore App Marketplace in 2016 as an online hub for third party integrations and custom applications modernizing the everyday life of the construction professional. The enhanced integration will benefit thousands of construction stakeholders who currently depend on Deltek and Procore for their financial and project management needs, ultimately helping enhance firms' profitability by enabling construction jobs to be managed more effectively. In addition, Procore will join the Deltek Marketplace, a curated collection of third-party vendors that bring value and ROI to project-based businesses, and Deltek ComputerEase will remain on the Procore App Marketplace. Deltek ComputerEase has a longstanding integration with Procore's Project Management platform, and this partnership will further the relationship between the two by bringing more connectivity and efficiency to the construction industry's daily operations. The expanded partnership offers more seamless data synchronization by connecting project management and accounting functions. Any changes made to projects will appear for all team members simultaneously, reducing errors and time spent on manual data transfers and updates, leading to improved efficiency, accelerated timelines, and smarter decision-making. "Through this enhancement, we can offer contractors and their accounting teams improved access to the meaningful data they need to successfully carry out a project," said Kris Lengieza, Vice President of Global Partnerships and Alliances at Procore. "Construction professionals using both platforms can now have access to accurate, real-time information that can be seamlessly shared between the jobsite and the back office, helping deliver projects on time and within budget." "Thousands of trade and general construction contractors already leverage Deltek ComputerEase and Procore to run their businesses, control their margins, and collaborate with stakeholders," said John Meibers, Vice President and General Manager for Deltek ComputerEase. "We're thrilled to continue our journey with Procore and look forward to delivering industry leading integration and customer experience for users of the ComputerEase and Procore platforms." Deltek ComputerEase is proud to be a Silver sponsor of Procore Groundbreak, being held in Chicago September 19-20, 2023. Attendees can learn more about Deltek and the expanded partnership with Procore at the Deltek ComputerEase booth, #16. About Deltek Better software means better projects. Deltek is the leading global provider of enterprise software and information solutions for project-based businesses. More than 30,000 organizations and millions of users in over 80 countries around the world rely on Deltek for superior levels of project intelligence, management and collaboration. Our industry-focused expertise powers project success by helping firms achieve performance that maximizes productivity and revenue. Learn more at www.deltek.com. About Procore Procore is a leading global provider of construction management software. Over 1 million projects and more than $1 trillion USD in construction volume have run on Procore's platform. Procore's platform connects key project stakeholders to solutions Procore has built specifically for the construction industry—for the owner, the general contractor, and the specialty contractor. Procore's App Marketplace has a multitude of partner solutions that integrate seamlessly with Procore's platform, giving construction professionals the freedom to connect with what works best for them. Headquartered in Carpinteria, California, Procore has offices around the globe. Learn more at Procore.com.

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Construction

Bespoke Metrics and Procore Deepen Collaboration to Streamline Preconstruction Phase

GlobeNewswire | September 14, 2023

COMPASS by Bespoke Metrics, a leading provider of prequalification and risk management technology, today announced the integration of its prequalification system with the Procore platform, marking a significant milestone within its involvement on the Procore App Marketplace. Procore Technologies, Inc. is a leading global provider of construction management software and launched the Procore App Marketplace in 2016 as an online hub for third party integrations and custom applications modernizing the everyday life of the construction professional. This expanded integration will weave COMPASS's Prequalification tool into Procore's digital workspace, setting a new benchmark for improved precision and an upgraded user experience during the critical preconstruction phase. "COMPASS and Procore are both committed to improving risk management across the construction industry and supporting quality-based selection," said Michael Ho, CEO of Bespoke Metrics. "This enhancement will allow us to leverage our shared vision and expertise to provide a more comprehensive and efficient preconstruction process." The integration of COMPASS's prequalification system with Procore aims to redefine the bidding dynamic. This will make it easier for general contractors to find and hire prequalified specialty contractors, helping save valuable time. "With a mission to connect everyone in construction on a global platform, this collaboration with COMPASS marks a significant step towards achieving this goal," commented Kris Lengieza, vice president, global partnership and alliances of Procore. "The integration of COMPASS's prequalification tool with the Procore platform will help our customers mitigate the risk of engaging stakeholders who lack financial stability. This can ultimately help decrease the potential for project delays and failures.” COMPASS will be sponsoring this year's Groundbreak event. Join us at Booth #31 to learn more about our integration with Procore and how it's reshaping the construction landscape. ABOUT BESPOKE METRICS Offering multi-language concierge service for both subcontractors and general contractors, COMPASS by Bespoke Metrics is a leading prequalification platform that supports industry-wide data collection, verification, and analytics. Through the COMPASS 1Form, subcontractor data is collected using a unique standardized approach, while giving subcontractors full control of their data. General contractors benefit from the analytics derived from standardized data, enabling them to effectively manage project and default risks.

Read More

Engineering Tech

YOUNG & Associates Acquires IN-Line Consulting, LLC

YOUNG & ASSOCIATES | September 26, 2023

Property and claims consultants YOUNG & Associates (YA), has acquired the claims and engineering company IN-Line Consulting, LLC. Founded by Matt Watson and Mark Lively more than 16 years ago, IN-Line was formed to manage the consulting work offered by a full-service restoration company operating primarily in the Southeast United States. The move strengthens YA's footprint in that part of the country, solidifying the company's role as a national and international leader. IN-Line will operate as a subsidiary of YA and its day-to-day operations will continue to be directed by the existing IN-Line leadership team. The company's management and support teams also will remain in place. "This partnership with IN-Line is a significant step forward in growing our professional service offerings," said Wade Bushman, YA's CEO. "We appreciate IN-Line's diverse base of technical experts, exceptional customer service track record, shared cultural values, and employee-first workplace model. They are a natural addition to the YA team." IN-Line President Matt Watson explained joining forces with YA allows the company to better serve clients by broadening its resource base and expanding its capabilities nationally and internationally. The move also offers new avenues for personal and professional growth for IN-Line's employees. "Since our inception, we have focused on building a great team and culture that can best serve the wide-ranging needs of our clients," Watson said. "Now, with YA's resources and platform, we are well positioned to carry that commitment into the future." ABOUT YOUNG & ASSOCIATES YOUNG & Associates (www.youngonline.com) is a property consulting firm providing building damage assessments, forensic and investigative consulting services to the insurance industry, public and private sector clients. YA was founded in 1997 by Ray and Linda Young on the core values of knowledge, integrity, and professionalism. Through its 26 years, YA's range of property damage services has expanded, developing a broader client base, and growing the team to almost 600 staff strategically located across the U.S. and internationally. ABOUT IN-LINE CONSULTING, LLC IN-Line Consulting, LLC (www.inline.us) is a national construction consulting firm specializing in property damage restoration and reconstruction recommendations for all phases of construction. Historically, IN-Line has been engaged on large, complex losses which require the technical diversity, expertise, and experience unique to our team of professionals. IN-Line's principal services include the preparation of comprehensive and market-specific construction estimates, as well as detailed and practical scopes of reconstruction. IN-Line's other competencies include but are not limited to: cost of repair audits; on-site clerking; code reviews; construction schedule analysis; production efficiency and economy analysis; forensic engineering; and construction defect analysis.

Read More

Construction

Deltek Announces Expanded Partnership with Procore to Elevate Construction Management

PR Newswire | September 21, 2023

Deltek, the leading global provider of software and solutions for project-based businesses, today announced an expanded partnership with Deltek ComputerEase within the Procore platform, marking a milestone with its involvement on the Procore App Marketplac Procore Technologies, Inc. is a leading global provider of construction management software and launched the Procore App Marketplace in 2016 as an online hub for third party integrations and custom applications modernizing the everyday life of the construction professional. The enhanced integration will benefit thousands of construction stakeholders who currently depend on Deltek and Procore for their financial and project management needs, ultimately helping enhance firms' profitability by enabling construction jobs to be managed more effectively. In addition, Procore will join the Deltek Marketplace, a curated collection of third-party vendors that bring value and ROI to project-based businesses, and Deltek ComputerEase will remain on the Procore App Marketplace. Deltek ComputerEase has a longstanding integration with Procore's Project Management platform, and this partnership will further the relationship between the two by bringing more connectivity and efficiency to the construction industry's daily operations. The expanded partnership offers more seamless data synchronization by connecting project management and accounting functions. Any changes made to projects will appear for all team members simultaneously, reducing errors and time spent on manual data transfers and updates, leading to improved efficiency, accelerated timelines, and smarter decision-making. "Through this enhancement, we can offer contractors and their accounting teams improved access to the meaningful data they need to successfully carry out a project," said Kris Lengieza, Vice President of Global Partnerships and Alliances at Procore. "Construction professionals using both platforms can now have access to accurate, real-time information that can be seamlessly shared between the jobsite and the back office, helping deliver projects on time and within budget." "Thousands of trade and general construction contractors already leverage Deltek ComputerEase and Procore to run their businesses, control their margins, and collaborate with stakeholders," said John Meibers, Vice President and General Manager for Deltek ComputerEase. "We're thrilled to continue our journey with Procore and look forward to delivering industry leading integration and customer experience for users of the ComputerEase and Procore platforms." Deltek ComputerEase is proud to be a Silver sponsor of Procore Groundbreak, being held in Chicago September 19-20, 2023. Attendees can learn more about Deltek and the expanded partnership with Procore at the Deltek ComputerEase booth, #16. About Deltek Better software means better projects. Deltek is the leading global provider of enterprise software and information solutions for project-based businesses. More than 30,000 organizations and millions of users in over 80 countries around the world rely on Deltek for superior levels of project intelligence, management and collaboration. Our industry-focused expertise powers project success by helping firms achieve performance that maximizes productivity and revenue. Learn more at www.deltek.com. About Procore Procore is a leading global provider of construction management software. Over 1 million projects and more than $1 trillion USD in construction volume have run on Procore's platform. Procore's platform connects key project stakeholders to solutions Procore has built specifically for the construction industry—for the owner, the general contractor, and the specialty contractor. Procore's App Marketplace has a multitude of partner solutions that integrate seamlessly with Procore's platform, giving construction professionals the freedom to connect with what works best for them. Headquartered in Carpinteria, California, Procore has offices around the globe. Learn more at Procore.com.

Read More

Construction

Bespoke Metrics and Procore Deepen Collaboration to Streamline Preconstruction Phase

GlobeNewswire | September 14, 2023

COMPASS by Bespoke Metrics, a leading provider of prequalification and risk management technology, today announced the integration of its prequalification system with the Procore platform, marking a significant milestone within its involvement on the Procore App Marketplace. Procore Technologies, Inc. is a leading global provider of construction management software and launched the Procore App Marketplace in 2016 as an online hub for third party integrations and custom applications modernizing the everyday life of the construction professional. This expanded integration will weave COMPASS's Prequalification tool into Procore's digital workspace, setting a new benchmark for improved precision and an upgraded user experience during the critical preconstruction phase. "COMPASS and Procore are both committed to improving risk management across the construction industry and supporting quality-based selection," said Michael Ho, CEO of Bespoke Metrics. "This enhancement will allow us to leverage our shared vision and expertise to provide a more comprehensive and efficient preconstruction process." The integration of COMPASS's prequalification system with Procore aims to redefine the bidding dynamic. This will make it easier for general contractors to find and hire prequalified specialty contractors, helping save valuable time. "With a mission to connect everyone in construction on a global platform, this collaboration with COMPASS marks a significant step towards achieving this goal," commented Kris Lengieza, vice president, global partnership and alliances of Procore. "The integration of COMPASS's prequalification tool with the Procore platform will help our customers mitigate the risk of engaging stakeholders who lack financial stability. This can ultimately help decrease the potential for project delays and failures.” COMPASS will be sponsoring this year's Groundbreak event. Join us at Booth #31 to learn more about our integration with Procore and how it's reshaping the construction landscape. ABOUT BESPOKE METRICS Offering multi-language concierge service for both subcontractors and general contractors, COMPASS by Bespoke Metrics is a leading prequalification platform that supports industry-wide data collection, verification, and analytics. Through the COMPASS 1Form, subcontractor data is collected using a unique standardized approach, while giving subcontractors full control of their data. General contractors benefit from the analytics derived from standardized data, enabling them to effectively manage project and default risks.

Read More

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